The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DRMBX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the DRMBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of DRMBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Risk on.
Rafael Ramirez
Associate Analyst
Summary
Insight BNY Mellon AMT-Free’s new management, combined with its greater appetite for risk, warrants caution.